State of the Bitcoin Bear Market with Beimnet Abebe
Alex Thorn, Head of Firmwide Research at Galaxy, speaks with Beimnet Abebe of Galaxy Trading, who previously warned that bitcoin was entering a bear phase. Abebe, a market strategist focused on macro and crypto structure, reiterates his view that bitcoin is likely to test its 200-week moving average near $60,000 amid deteriorating liquidity and weakening risk appetite.
The discussion situates crypto within broader market stress. Abebe argues that equity momentum has stalled, software valuations are vulnerable to AI disruption, and marginal buyers are retreating. He points to cracks in the…
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